RMB Currency Risk Sample Clauses

RMB Currency Risk. RMB may not be freely convertible and conversion may be subject to such exchange controls and restrictions that may be imposed from time to time. The Customer's ability to remit or repatriate funds into the PRC or out of the PRC will be restricted by applicable laws, by- laws, rules and/or regulations. Should the conversion of RMB be subject to a daily limit, the Customer may have to allow time for conversion of RMB from/to another currency of an amount exceeding the daily limit. There is no guarantee that the exchange rate of RMB will not depreciate. Hong Kong and overseas Customers who hold a local currency other than RMB will be exposed to currency risk if they invest in a RMB product. This is because such RMB product(s) may give rise to the need for the conversion of the local currency into RMB. During the conversion, the Customer may also incur currency conversion costs. Even if the price of the RMB asset remains the same when the Customer purchased it and when the Customer redeems / sells it, the Customer may still incur a loss when converting the redemption / sale proceeds into local currency if RMB has depreciated.
Sample 1
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Related to RMB Currency Risk

  • Currency Risks The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

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  • Currency of Payment The contract price will normally be paid in the currency or currencies in which the price has been stated. The purchaser, however, reserves the right to make payments in the currencies of the countries of origin of goods and services at the exchange rates applicable at the time of payment of the contract price.

  • Contractual Currency (a) Payment in the Contractual Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the "Contractual Currency"). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess.

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